Car insurance - tell us your quotes/renewals

Liam McPoyle

Turtle-TM wrote: »

Has anyone successfully gotten the details of how their quote was calculated from their insurer?

I am ringing FBD tomorrow as mine has gone from €440 to €675 this year.

What id like to see from them is the exact formula and risk calculations they used to come up with my renewal quote. As my circumstances haven't changed in a year, my premium shouldn't

What I want is where each euro of my premium is going, and how it was calculated. I will then take this to the insurance or consumer ombudsman to make a complaint.

I also have a feeling that the insurance companies are price fixing the market. As I got 25 quotes the other day online, and most of them were far too similar to be coincidence

Unfortunately the ombudsman does not get involved in pricing issues. As for asking them how its calculated AFAIK insurers are not obliged to divulge that information.

Turtle-TM

Saul T Nutzz wrote: »

Unfortunately the ombudsman does not get involved in pricing issues. As for asking them how its calculated AFAIK insurers are not obliged to divulge that information.

Surely it could come under data protection. I presume each and every renewal is calculated individually, with the customers details. There for my personal details were used in their system to come up with my unique quote. Therefor it's personal data under the data protection act.

Either that or they just make numbers up for renewals...now wouldn't that be a shock....

Liam McPoyle

Turtle-TM wrote: »

Surely it could come under data protection. I presume each and every renewal is calculated individually, with the customers details. There for my personal details were used in their system to come up with my unique quote. Therefor it's personal data under the data protection act.

Either that or they just make numbers up for renewals...now wouldn't that be a shock....

Group modeling is used for calculations as in age, experience, car type, location, occupation etc.

I don't know if the data protection act comes into it.

moleyv

Turtle-TM wrote:

What id like to see from them is the exact formula and risk calculations they used to come up with my renewal quote. As my circumstances haven't changed in a year, my premium shouldn't

Its very scientific. For mine they changed the first digit from a four to a five; and to the cent, the rest was the same :v

Arcade_Tryer

Turtle-TM wrote: »

Surely it could come under data protection. I presume each and every renewal is calculated individually, with the customers details. There for my personal details were used in their system to come up with my unique quote. Therefor it's personal data under the data protection act.

Either that or they just make numbers up for renewals...now wouldn't that be a shock....

Regarding data protection, insurance companies are blatantly breaching such laws in relation to penalty point information. They are asking for people's penalty point history (i.e. points not currently on their driving license). They should not be doing this. Not even the RSA keeps such records due to data protection.

boardsuser1

The higher the premium the more cash the government takes in. Is it any wonder they aren't in a hurry to act on it. As has been stated before,it will come to a stage where a €1000 insurance policy will become the norm to most people driving a good while like myself. Even though i never claimed for 1 single thing my policy increased by 33% on the previous year (granted i changed car).

Special Circumstances

Arcade_Tryer wrote: »

Regarding data protection, insurance companies are blatantly breaching such laws in relation to penalty point information. They are asking for people's penalty point history (i.e. points not currently on their driving license). They should not be doing this. Not even the RSA keeps such records due to data protection.

New one on me, are they looking for details of lapsed points now too? :eek: :eek: :mad:

traco

On a rant here, new engineer joined last year, over 40 years old. New company car.

Had a fender bender, new bumper and repairs to another car 3k.

Renewal time now and its gone up 2.5k, bloody joke

mickoneill31

Arcade_Tryer wrote: »

Regarding data protection, insurance companies are blatantly breaching such laws in relation to penalty point information. They are asking for people's penalty point history (i.e. points not currently on their driving license). They should not be doing this.

I know this is off topic but what law are they breaking by asking you for this info?

_Tombstone_

traco wrote: »

On a rant here, new engineer joined last year, over 40 years old. New company car.

Had a fender bender, new bumper and repairs to another car 3k.

Renewal time now and its gone up 2.5k, bloody joke

I'm surprised it's not at least double that.

Arcade_Tryer

Special Circumstances wrote: »

New one on me, are they looking for details of lapsed points now too? :eek: :eek: :mad:

According to my sources, some of them are.

mickoneill31 wrote: »

I know this is off topic but what law are they breaking by asking you for this info?

Data Protection laws I imagine. Information concerning penalty points demanded by insurance companies should only relate to points currently on a person's license or proof of the expiry date of previous points. They should not be inquiring about points that may have been on a license at a previous point in time except for the expiry date of such points as said. I have heard (albeit anecdotally) that some are.

Liam McPoyle

Arcade_Tryer wrote: »

According to my sources, some of them are.


Data Protection laws I imagine. Information concerning penalty points demanded by insurance companies should only relate to points currently on a person's license or proof of the expiry date of previous points. They should not be inquiring about points that may have been on a license at a previous point in time except for the expiry date of such points as said. I have heard (albeit anecdotally) that some are.

Expired penalty points have no bearing on insurance so insurers would absolutely be in the wrong to ask about them.

If anyone knows of insurers doing this or is asked the question when getting quotes then I'd urge you to report them to the FSO.

traco

_Tombstone_ wrote: »

I'm surprised it's not at least double that.

From €850 to €3,109. Makes you wonder how many cars are on the road now with no insurance.

Turtle-TM

Slightly off topic. But why do insurers ask if you have any non motoring related convictions? Surely this has no bearing on your risk factor. Motoring offences off course, but the only people who can vet you for convictions are companies when you apply for certain job types, I.e working with cash, children, or vulnerable people.

boardsuser1

Turtle-TM wrote: »

Slightly off topic. But why do insurers ask if you have any non motoring related convictions? Surely this has no bearing on your risk factor. Motoring offences off course, but the only people who can vet you for convictions are companies when you apply for certain job types, I.e working with cash, children, or vulnerable people.

Use of vehicle for non motoring crimes??? Not totally sure but that is what sprung to mind.

Liam McPoyle

Turtle-TM wrote: »

Slightly off topic. But why do insurers ask if you have any non motoring related convictions? Surely this has no bearing on your risk factor. Motoring offences off course, but the only people who can vet you for convictions are companies when you apply for certain job types, I.e working with cash, children, or vulnerable people.

If a person has shown past instances of criminal behavior then arguably they are more likely to be willing to engineer claims, drive recklessly or have a general disregard for law and order thus being a much higher risk driver than the average joe.

This is something that IMO is far too black and white.

For example, a 40 year old driver that has been claims free for 20 years but got a conviction as a teenager for a public order offence or something similarly small, its hugely unfair to punish them for the indescretion of pretty much a completely different person.

AFAIK there is going to be a rule brought in that once a criminal offence is outside of 5 years then insurers can no longer ask the question.

As far as I'd be concerned unless someone shows a pattern of criminality then insurer discretion should be shown, unfortunately I'm just a small cog in a very big machine and I don't currently have the power to change things on a day to day basis, yet anyway.

mickoneill31

Turtle-TM wrote: »

Slightly off topic. But why do insurers ask if you have any non motoring related convictions? Surely this has no bearing on your risk factor. Motoring offences off course, but the only people who can vet you for convictions are companies when you apply for certain job types, I.e working with cash, children, or vulnerable people.

Risk maybe?
Insurance is about evaluating the risk of you having an accident and costing them money so they price accordingly. If you have convictions you're probably a bit riskier so will pay more.*

*But after I typed all that I really think that the insurances companies in Ireland pluck the prices out of their arse. If it was just risk then one company wouldn't charge you €500 while another is trying to get €1500 out of you.

Senecio

Age: 41
NCB: 6+ years (24 years in total without a claim)
License: Full Irish, no points
Car: 2013 Skoda Yeti
Cover: Comprehensive
Insurer: AXA

Price for last year: €770
Renewal: €960

Ran an online quote at AXA.ie as a new customer and got €572 for basic comprehensive cover. Rang them up and they matched the online quote for my renewal. Final bill came to €680 after I added a few extras on for NCD protection etc.....

zinzan

traco wrote: »

From €850 to €3,109. Makes you wonder how many cars are on the road now with no insurance.

I would say hundreds - if you follow Garda Traffic on twitter, every day they are pulling cars over with no tax, insurance or NCT, quite a few repeat offenders who are disqualified too.
:mad:

zinzan

zinzan wrote: »

I would say hundreds - if you follow Garda Traffic on twitter, every day they are pulling cars over with no tax, insurance or NCT, quite a few repeat offenders who are disqualified too.
:mad:

There are a lot of people in Ireland who rely on buying older cars because they simply can't afford a few thousand. Then they get hit with an insurance premium costing much higher than the car, despite the fact they may have been accident free all their lives. It's not surprising people are driving without insurance. I would say there are thousands out there.

Special Circumstances

_Tombstone_ wrote: »

Insurance companies are dreading automous cars as they'll lose a whole industry. They're already off looking at how to fill the gap. I'm guessing not wanting to insure 90/00 is a blip or only happens here aswell.

Special Circumstances wrote: »

At least one company who turned away customers with 15 years claims free driving because their car was old actually saw their proportion of "good" "no payout" policies fall.

I mean, it's crazy isn't, who in insurance would have thought that the majority of people with really good driving records are actually a good insurance risk even if their car is old!

Will they row back? Or will 10years be the new 15years. (Just in Ireland obviously )

10 years is the new 15 years! Next years policy on new business expected to be "right, we'll give you an expensive piece of paper, but you're not allowed claim under any circumstances, right?"
http://www.boards.ie/vbulletin/showthread.php?t=2057625029

poodles

Male
32 yo
1.2L Opal Corsa
Full License - 12 years

Previously had 5years+ NCD before leaving to Australia in 2012.
Currently 0 NCD as I'm sure my previous NCD is out of date and overseas driving won't count?

Out of interest I rang for a quote while back home for a few weeks. Best Quote from Broker Chill was €3,600 for Full Comp and €2,600 for TPFT

Yeah, nahhh.

Arcade_Tryer

^Don't trust the brokers absolutely. Calling around yourself is always best.

Chill quoted me a few hundred more than my renewal rate and another quote from a well known insurer.

JamboMac

Don't need insurance till sept but decided to check Aviva out of curiosity, cars now can't be older then 14 years.

DUBACC

Male, aged 41.
Mercedes e240 2004
NCD - full
Licence - full Irish 15+ years
Cover - fully comp, protected

Premium last year - 395
Renewal this year - 665

Funny how ALL companies returned similar quotes. And they say they don't talk to each other? Ha

corcaigh07

30 Male
1 Yr NCD
Yaris 1.3 2004
Over 10 years clean full license

698 TPFT with AXA

This took a lot of coaxing out of the system, named 3 drivers on the policy (mother, brother, GF) and got a discount because my mam is already on AXA.

Terrible price but the best in the market I think!

GvidoR

21
Male
3 years full licence
3 years no claims in own name
0 points, etc, etc

2000 VW Polo 1.4

First Ireland €1472
Brittons €1493
Axa €1950
Chill €2607

wotzgoingon

GvidoR wrote: »

21
Male
3 years full licence
3 years no claims in own name
0 points, etc, etc

2000 VW Polo 1.4

First Ireland €1472
Brittons €1493
Axa €1950
Chill €2607

What happened the escort?

Also did you try BOI and 123.ie?

GvidoR

wotzgoingon wrote: »

What happened the escort?

Also did you try BOI and 123.ie?

It's for sale.

123 wouldn't quote me. Didn't try BOI yet as you have to call them.

wotzgoingon

GvidoR wrote: »

It's for sale.

123 wouldn't quote me. Didn't try BOI yet as you have to call them.

Wow, weird they quoted me, both companies were cheapest for me. You can get a quote online with BOI but sometimes(depends on car) you have to call them.

Also try calling 123.ie as they wouldn't quote me on some cars online and once you ring them they give you a quote. Worth a try anyway.